Can I get a loan with an IVA?

Can I get a loan with an IVA?

When you enter an Individual Voluntary Arrangement, also known as an IVA, you must adhere to certain rules when it comes taking out further credit such as credit cards or loans. An IVA is a formal agreement between you and the people you owe money to, known as creditors, that allows you to repay a […]

Can I get a joint mortgage with an IVA?

Can I get a joint mortgage with an IVA?

An Individual Voluntary Arrangement takes up the vast majority of a person’s disposable income, so it’s no surprise that people with an IVA may wonder whether it’s possible for them to get a mortgage with their partner during an IVA. This is known as a joint mortgage. In this article we’ll explore IVAs and joint […]

What happens when you hide money from an IVA

What happens when you hide money from an IVA?

  As a legally binding agreement between you and your creditors, it’s important that you declare all of your income if you choose to use an Individual Voluntary Arrangement to repay your debts. Hiding money from IVAs can lead to serious consequences. In this guide we’ll explore the idea of hiding money from an IVA, […]

IVA pros and cons

IVA pros and cons

An Individual Voluntary Arrangement is the most popular debt solution available in the UK and has helped hundreds of thousands of thousands of people manage their unaffordable debt. Like all debt solutions, however, there are advantages and disadvantages of using an IVA to deal with your debts. Below, we outline your IVA pros and cons. […]

How long does an IVA last?

How long does an IVA last?

Individual Voluntary Arrangements (or IVAs) can help you get your finances back on track by making regular monthly payments to your creditors (lenders you owe money to) until your debts are cleared for a brighter financial future. It is a popular debt solution for people struggling to pay their debts with agreed payments, such as […]